Papa Murphy’s sets terms for IPO

Papa Murphy’s Holdings Inc. set the terms for its initial public offering on Monday with the price between $11 and $13 per share.

The Vancouver, Wash.-based parent to the Papa Murphy’s Take ‘N’ Bake Pizza chain said it will offer 5.8 million shares of common stock, which would raise about $70 million at the midpoint, or $61.9 million after expenses related to the offering.

Underwriters will have the option to purchase an additional 874,999 shares to cov